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Sergey Savastiouk's Avatar
published in Blogs
Oct 01, 2019
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Vivint Solar (VSLR, $6.54) rebuts research on undisclosed lawsuits

Vivint Solar (VSLR, $6.54) rebuts research on undisclosed lawsuits

Vivint Solar refuted a research note that claimed that the solar-power company has been concealing lawsuits.

"This is a deeply misleading report from a self-interested short seller that we vigorously dispute," Vivint told TheStreet in a statement Monday, after Marcus Aurelius Value sent the stock dropping Friday with a research note titled "VSLR: Fiddler on the Roof."

The Marcus Aurelius Value report indicated that Vivint appears to have largely concealed a growing pattern of undisclosed lawsuits, thereby alleging that the company has been involved  in a nationwide fraud involving forged customer contracts.The report led to Vivint shares plunging by as much as -12% Friday; shares recovered a bit and ended the day down -2%. The stock resumed its decline Monday morning when they fell as much as -7%, but rebounded to close at $6.54, off 0.2%.

 

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a provider of residential solar energy systems

Industry ElectricUtilities

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Electrical Products
Address
1800 West Ashton Boulevard
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+1.877.404.4129
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2998
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http://www.vivintsolar.com
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